ARC Resources (TSE:ARX) Price Target Cut to C$27.00 by Analysts at Desjardins

ARC Resources (TSE:ARX) had its price target cut by Desjardins from C$31.00 to C$27.00 in a report issued on Monday,BayStreet.CA reports. They currently have a buy rating on the oil and gas exploration company’s stock.

Other equities research analysts also recently issued reports about the company. Scotiabank cut their target price on ARC Resources from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. National Bankshares lowered ARC Resources from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$27.00 to C$26.00 in a report on Friday. Roth Mkm raised ARC Resources to a “strong-buy” rating in a research note on Friday, December 19th. Natl Bk Canada cut shares of ARC Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, UBS Group lowered shares of ARC Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$29.21.

ARC Resources Price Performance

Shares of ARX opened at C$23.00 on Monday. ARC Resources has a one year low of C$21.14 and a one year high of C$31.56. The stock’s fifty day moving average is C$25.13 and its 200-day moving average is C$25.57. The company has a debt-to-equity ratio of 30.05, a quick ratio of 0.42 and a current ratio of 1.14. The firm has a market capitalization of C$13.12 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 0.29 and a beta of 0.00.

ARC Resources (TSE:ARX) last released its earnings results on Thursday, February 5th. The oil and gas exploration company reported C$0.46 EPS for the quarter. ARC Resources had a net margin of 20.95% and a return on equity of 14.60%. The firm had revenue of C$1.58 billion for the quarter. Equities analysts anticipate that ARC Resources will post 2.7255139 EPS for the current year.

ARC Resources News Roundup

Here are the key news stories impacting ARC Resources this week:

• Positive Sentiment: BMO Capital Markets trimmed its price target from C$33.00 to C$28.00 but kept an “outperform” rating, signaling continued confidence in ARC’s medium‑term outlook despite the cut. BMO target cut
• Positive Sentiment: Royal Bank of Canada lowered its target from C$32.00 to C$28.00 while maintaining an “outperform” rating, another vote of relative confidence from a major bank even as estimates were trimmed. RBC target cut
• Positive Sentiment: Desjardins cut its target to C$27.00 (from C$31.00) but kept a “buy” rating, indicating the firm still sees upside after adjusting assumptions. Desjardins note TickerReport
• Neutral Sentiment: Raymond James lowered ARC from “outperform” to “market perform” and cut its PT to C$28.00 (from C$31.00), a move that pares conviction but stops short of a sell signal. Raymond James downgrade
• Neutral Sentiment: National Bankshares moved ARC to “Sector Perform” (neutral), another sign of cautious positioning among coverage analysts. National Bankshares
• Negative Sentiment: CIBC World Markets downgraded ARC from “outperform” to “neutral” and cut its price target to C$25.50 (from C$27.50), removing a previously bullish stance and contributing to selling pressure. CIBC downgrade
• Negative Sentiment: Additional coverage shifts include cuts to “Hold” at National Bank of Canada and at CIBC Capital Markets, signaling broader downgrades across the broker community. Natl Bk Canada CIBC Capital Mkts
• Negative Sentiment: Market reaction: multiple reports note the stock fell in the double‑digits following the analyst downgrades, reflecting investor selling on reduced earnings/target visibility. Market reaction

ARC Resources Company Profile

ARC Resources is an independent energy company engaged in the acquisition, exploration, development, and production of conventional oil and natural gas in Western Canada. The company produces light, medium, and heavy crude, condensate, natural gas liquids, and natural gas. Production averaged 163.6 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds approximately 879 million boe of proven and probable crude oil and natural gas reserves.